RHET is a security token that derives its value from late-stage, secondary acquisition of securities of Robinhood Inc. It gains value from the price appreciation of Robinhood Inc shares.
The RHET Token is essentially:
- A fractional ownership stake in a special purpose fund with ownership in Robinhood Inc
- A blockchain based security token, issued within a regulatory compliant framework.
- The shares are held by an SPV, managed by a Syndicate Manager
The first security token of its kind, once the minimum funding goal is reached a Swarm syndicate manager will form an entity using Swarm, acquire equity through established relationships with former employees and other equity holders, and convert committed funds into RHET equity tokens